Crossmark Global Holdings Inc. Sells 6,900 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Crossmark Global Holdings Inc. cut its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 9.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 69,853 shares of the Wireless communications provider's stock after selling 6,900 shares during the period. Crossmark Global Holdings Inc.'s holdings in T-Mobile US were worth $18,631,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Geode Capital Management LLC increased its stake in shares of T-Mobile US by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 11,857,917 shares of the Wireless communications provider's stock valued at $2,610,542,000 after buying an additional 90,755 shares during the period. Invesco Ltd. increased its stake in shares of T-Mobile US by 4.6% during the fourth quarter. Invesco Ltd. now owns 8,809,417 shares of the Wireless communications provider's stock valued at $1,944,503,000 after buying an additional 384,956 shares during the period. Norges Bank purchased a new position in shares of T-Mobile US during the fourth quarter valued at approximately $1,802,393,000. Capital International Investors increased its stake in shares of T-Mobile US by 36.2% during the fourth quarter. Capital International Investors now owns 6,525,744 shares of the Wireless communications provider's stock valued at $1,440,424,000 after buying an additional 1,734,998 shares during the period. Finally, Canada Pension Plan Investment Board increased its stake in shares of T-Mobile US by 85.5% during the fourth quarter. Canada Pension Plan Investment Board now owns 6,025,096 shares of the Wireless communications provider's stock valued at $1,329,919,000 after buying an additional 2,777,657 shares during the period. 42.49% of the stock is owned by hedge funds and other institutional investors.

T-Mobile US Stock Performance

TMUS stock traded down $2.52 during trading on Tuesday, reaching $235.11. The stock had a trading volume of 796,109 shares, compared to its average volume of 4,081,968. T-Mobile US, Inc. has a 52 week low of $173.74 and a 52 week high of $276.49. The stock's 50 day moving average is $238.65 and its two-hundred day moving average is $243.59. The company has a current ratio of 1.16, a quick ratio of 1.08 and a debt-to-equity ratio of 1.35. The firm has a market cap of $266.95 billion, a PE ratio of 22.94, a PEG ratio of 1.32 and a beta of 0.62.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The Wireless communications provider reported $2.58 EPS for the quarter, topping the consensus estimate of $2.48 by $0.10. T-Mobile US had a return on equity of 19.09% and a net margin of 14.41%. The firm had revenue of $20.89 billion for the quarter, compared to the consensus estimate of $20.67 billion. During the same quarter last year, the company earned $2.00 earnings per share. The business's revenue for the quarter was up 6.6% compared to the same quarter last year. As a group, equities analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Friday, August 29th will be paid a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.50%. The ex-dividend date is Friday, August 29th. T-Mobile US's dividend payout ratio (DPR) is currently 34.34%.

Insider Activity at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the firm's stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $237.89, for a total value of $16,614,237.60. Following the transaction, the director owned 647,800,524 shares of the company's stock, valued at $154,105,266,654.36. This trade represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 628,560 shares of company stock valued at $144,455,659 over the last 90 days. 0.37% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on TMUS. Wall Street Zen cut T-Mobile US from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. UBS Group cut T-Mobile US from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 21st. JPMorgan Chase & Co. upped their price target on T-Mobile US from $265.00 to $270.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 18th. Citigroup cut T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 price target on the stock. in a research note on Friday, March 14th. Finally, Benchmark reaffirmed a "buy" rating and issued a $275.00 price target on shares of T-Mobile US in a research note on Thursday, March 27th. Fourteen analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $254.98.

About T-Mobile US

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services.